Big Lots Fiscal Q2 Results Beat Views

August 25, 2017

Big Lots reported fiscal Q2 adjusted earnings of $0.67, up from $0.52 a year ago and exceeding the $0.62 average estimate from analysts polled by Capital IQ.. Revenue in the quarter ended July 29 rose to $1.22 billion from $1.20 billion and beat the $1.21 billion consensus while comparable store sales rose 1.8%, topping the 1.7% consensus.

Looking ahead, the discount retailer said it expects fiscal Q3 EPS of $0.01 to $0.05, straddling the $0.04 average estimate while comparable store sales are expected to increase in the low single digits compared to the 1.5% consensus. For fiscal Q4, EPS is seen between $2.30 to $2.38, below the $2.40 consensus and comparable store sales are expected to be between flat and up 2%, straddling the 1.5% consensus. Finally, for the FY, Big Lots now expects EPS of $4.15 to $4.25, up from the prior range between $4.05 to $4.20 and compared to the $4.20 estimate, and comparable store sales are seen rising between 1% and 5%. Analysts are expecting 1% same store sales growth.

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By Bryan Smith

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